Voya Securitized Correlations

VCFIX Fund

USD 9.50 0.02 0.21%

The current 90-days correlation between Voya Securitized Credit and Ab Global Risk is 0.08 (i.e., Significant diversification). The correlation of Voya Securitized is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Voya Securitized Correlation With Market

Very good diversification

The correlation between Voya Securitized Credit and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voya Securitized Credit and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Voya Securitized Credit. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Voya Mutual Fund

0.77	ILBPX	Voya Limited Maturity	Pair Corr
0.8	ILMBX	Voya Limited Maturity	Pair Corr
0.75	IMBAX	Voya Limited Maturity	Pair Corr

Related Correlations Analysis

	CABIX	WWWEX	DSDYX	CNGLX	MFIRX	USGLX
CABIX		-0.11	0.44	0.5	0.77	0.14	CABIX
WWWEX	-0.11		-0.63	0.05	0.01	0.88	WWWEX
DSDYX	0.44	-0.63		-0.02	0.54	-0.5	DSDYX
CNGLX	0.5	0.05	-0.02		0.03	0.2	CNGLX
MFIRX	0.77	0.01	0.54	0.03		0.19	MFIRX
USGLX	0.14	0.88	-0.5	0.2	0.19		USGLX
	CABIX	WWWEX	DSDYX	CNGLX	MFIRX	USGLX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

USGLX	+ 0.88	WWWEX
MFIRX	+ 0.77	CABIX
MFIRX	+ 0.54	DSDYX
CNGLX	+ 0.5	CABIX
DSDYX	+ 0.44	CABIX
USGLX	+ 0.2	CNGLX

High negative correlations

DSDYX	- 0.63	WWWEX
USGLX	- 0.5	DSDYX
WWWEX	- 0.11	CABIX
CNGLX	- 0.02	DSDYX

Risk-Adjusted Indicators

There is a big difference between Voya Mutual Fund performing well and Voya Securitized Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Voya Securitized's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CABIX	0.30	0.00	(0.29)	0.03	0.37	(0.35)	0.57	(0.72)	1.86
WWWEX	1.04	0.31	0.27	0.42	0.63	(1.25)	3.15	(1.28)	8.01
DSDYX	0.16	(0.01)	(0.67)	0.97	0.18	(0.18)	0.34	(0.24)	0.92
CNGLX	0.53	(0.01)	(0.16)	(2.20)	0.78	(0.50)	1.04	(1.18)	3.68
MFIRX	0.09	0.00	(0.51)	0.13	0.00	(0.24)	0.19	(0.19)	0.76
USGLX	0.58	(0.01)	(0.04)	0.11	0.75	(0.58)	1.25	(1.29)	4.33

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